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What else might change?

The state pension is calculated using the so-called "triple lock" arrangement, which means it rises each year based on the greater of earnings, inflation, or 2.5%.

This will see the new state pension rise by up to £6.60 a week from a maximum of £168.60 a week to £175.20 a week at the start of the 2020/21 financial year.

What do the experts think?

According to the Resolution Foundation, families are now £580 a year worse off due to inflation over the course of the five-year freeze.

Universal Credit (Image: Jerome Ellerby)

Speaking about the changes, Adam Corlett, a senior economic analyst with the think tank, said: "Working-age benefits received by millions of families are set to rise in line with prices by 1.7% next April. This is their first cash increase in five years.

"But while the benefit freeze is over, its impact is here to stay with a lower income couple with kids £580 a year worse off as a result. And because benefits will only keep pace with rising prices, the social security safety net will continue to erode – falling further behind earnings and the state pension.

"With children born today facing the highest risk of poverty in 60 years, it’s time the main parties rethought their approach to welfare, and reprioritised their efforts towards supporting low and middle income families."